Funding you earn now, next payment 03:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Injective against HTX+1.045%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.045% dearer against HTX than usual: you sell high and buy low: +$105 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 443.85 | 0 | get 0.0000% / 8h | 5h 37m | $9K | $9K | 20x |
| Short | Injective TSM/USDC PERP | 448.49 | 0.0220 | get 0.0028% / 1h | 37m 45s | $7K | $38K | 12x |
HTX TSM-USDT
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $46.2
- Price spread: +1.045% → 0.000%
- $104.54
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $138.72
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: HTX: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
HTX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0556% | 4h | 443.73 | −0.027% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.13 | +0.064% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.67 | −0.041% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.80 | −0.011% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.68 | −0.038% | $1.7M | $954K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.86 | +0.002% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.70 | −0.034% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.92 | +0.016% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDTlong | 0.0000% | 8h | 443.85 | long leg | $9K | $9K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 443.90 | +0.011% | $1.5M | $441K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 444.06 | +0.047% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.83 | −0.005% | $221K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.57 | −0.063% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.75 | −0.023% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.43 | −0.095% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.60 | −0.056% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.43 | −0.095% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | −0.043% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 443.87 | +0.005% | $13.0M | $6.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.0076% | 8h | 443.79 | −0.014% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.41 | −0.099% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.84 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.87 | +0.004% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.128% | $370K | $107K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0180% | 8h | 443.74 | −0.026% | $8K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.64 | −0.047% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 448.49 | +1.045% | $7K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0246% | 1h | 443.76 | −0.020% | $98 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Deribit TSM_USDC-PERPETUAL